Beginners Guide to Penny Stocks

 

What Are Penny Stocks?

Penny stocks are stocks with lower market capitalisation relative to the other companies; primarily, these are new companies in the publicly traded market. Alternatively, penny stocks are also identified as micro-cap stocks and nano-cap stocks in the US market.

As an example, we can look at the metals & mining sector in Australia. Lately, the animal spirit in the sector have been propelling investments, and a lot of development has taken place in the past two-three years. As a result of this, mining services companies have also gained traction, and revenue of these ancillary services companies to mining business has gone up.

Ausdrill Limited (ASX: ASL) a mining services company, recently on 29 August 2019, released its full-year results closed 30 June 2019. Interestingly, the revenue of the company witnessed a growth of 89.1% over the previous year attributing to escalated business opportunities.

Check How to Buy Penny Stocks and its Fundamentals: 
https://kalkinemedia.com/au/page/a-beginners-guide-to-penny-stocks

Comments

Post a Comment

Popular posts from this blog

Two ASX-listed resource stocks under the spotlight today

Image
Summary The ASX resource index has gained more than 21% in the last one year. Vulcan Energy has achieved a lithium extraction target. The company plans to ramp up activities towards its goal of developing the world's first zero-carbon lithium project. De Grey Mining has extended gold mineralisation at the Hemi discovery in Western Australia. S&P/ ASX 200 Resources posted a jump of 1.122% or 59.7 points to settle the day’s trade at 5381.7 on 27 May 2021. The index has gone up by around 21.53% in the last one year. Price is Less albeit Opportunities are Immense; Invest Wise with Kalkine LITE Just at $19.99 Source: © Edhardream | Megapixl.com Today on the  ASX , two resource space players - Vulcan Energy Resources Limited ( ASX: VUL ) and De Grey Mining Limited ( ASX: DEG ) made key announcements. Vulcan updated on its lithium extraction piloting test work, while De Grey has extended gold mineralisation at its Hemi discovery. Interesting Read:  Six Major Gold Miners with Mas...
Read more

Seven ASX-listed shares priced under 80 cents

Image
  Summary Stocks priced under 80 cents fall under the penny stocks category. These highly volatile stocks can offer significant upside potential. Although an attractive option for risk-takers, risk-averse investors generally stay away from penny stocks, given the high volatility attached. Some of the high-performing stocks priced under 80 cents include In the current period of uncertain economic scenario, share prices are fluctuating at a higher rate. The fluctuations are apparent given the high volatility, primarily due to the COVID-19  pandemic . However, there are some low-priced stocks, called  penny stocks , that are affordable and offer a ray of hope given their potential to offer impressive returns. These stocks do carry significant risk and thus are not appealing for all market participants. Copyright © 2021 Kalkine Media This article would walk you through 7 ASX-listed shares priced below 80 cents. GOOD TO KNOW:  How do I start trading penny stocks in Austra...
Read more